In 2023, the Baltic Chemical Complex (BCC) increased investments to 194.8 billion rubles, directing funds to the construction of one of the world's largest polyethylene production facilities, environmental programs and social initiatives in the Leningrad Region. These investments contribute to the development of the chemical industry in Russia and strengthen the company's position in the international market. Where is the Baltic Chemical Complex (BCC) Investing? Baltic Chemical Complex (BCC) Sector: ...

... some way to add gasoline to the domestic market, especially because of the repairs at 'Kirishin' [KINEF]. Thus, the export ban was implemented for one month," says Titov. KINEF is a major supplier of oil products for St. Petersburg, as well as the Leningrad, Novgorod, and Pskov regions. Manual Control Last year, the Russian government also fought against rising prices. Beginning March 1, an export ban was implemented, which was then lifted from May 20 to June 30 "considering the saturation of the domestic automotive ...

... from drone attacks damaging refinery infrastructure and sanctions restricting equipment supplies from Europe and North America. For example, in Q1 2024, the Nizhny Novgorod Refinery reduced gasoline production by 36%, and Kirishinefteorgsintez in the Leningrad region cut output by 7.7%, according to CDU TEK data. At the same time, oil companies are cautious about significantly increasing exchange prices due to the risk of losing compensation subsidies. The so-called "10-20 rule," enshrined in the ...